Home Must Reads Umpqua Bank parent buys Washington firm

Umpqua Bank parent buys Washington firm

| Print |  Email
Must Reads
Wednesday, June 05, 2013

Umpqua Holdings agreed to pay $158 million for the parent of Financial Pacific Leasing, a Washington company that leases equipment to small businesses.

FinPac had assets of $279 million, and the bank expects the acquisition to add to per-share operating earnings by 14 percent within a year. It should also add about one-third of one percentage point to Umpqua's net interest margin, the bank said, which had been shrinking along with the rest of the industry.

In a statement, Umpqua CEO Ray Davis called the purchase was "a disciplined acquisition" that took advantage of the bank's excess capital and should boost profits. He said the bank would continue looking for other acquisitions.

Read more at OregonLive.com.

{biztweet}umpqua bank{/biztweet}

 

More Articles

College Hacker

September 2014
Wednesday, August 27, 2014
BY KLINT FINLEY

Treehouse CEO Ryan Carson builds a 21st-century trade school.


Read more...

A Taste of Heaven

September 2014
Tuesday, August 26, 2014
BY VIVIAN MCINERNY

Craft beer comes to Mount Angel.


Read more...

Molecular Movies

September 2014
Wednesday, August 27, 2014
BY LINDA BAKER

Dr. Chong Fang isn’t God. But the assistant professor of chemistry at Oregon State University is getting closer to figuring out how he put everything together. 


Read more...

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

The Alchemist

September 2014
Tuesday, August 26, 2014
BY LINDA BAKER

David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.


Read more...

A Good Leap Forward

September 2014
Wednesday, August 27, 2014
BY AMY MILSHTEIN

Agriculture businesses ramp up to meet international demand as workforce and succession challenges loom.


Read more...

How to add positivity to your team

Contributed Blogs
Friday, September 12, 2014
happy-seo-orlando-clientsBY TOM COX | OB BLOGGER

I often talk about what leaders can do. What about followers? If you’re a team member and you’d like to add positivity to your team, what might you do?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS